Showing posts with label AI industry. Show all posts
Showing posts with label AI industry. Show all posts

Saturday, October 17, 2026

Meta Withdraws $25 Million From Its Midterms Push; The New York Times, October 16, 2026

, The New York Times; Meta Withdraws $25 Million From Its Midterms Push

The company outlined a $65 million budget last year when it embarked on an effort to elect state politicians friendly to the A.I. industry.

"Meta’s effort to shape the midterm elections has quietly become $25 million smaller.

About a year ago, the Silicon Valley company announced an ambitious effort to elect state politicians who are friendly to the artificial intelligence industry, eventually outlining a $65 million budget for the operation. The subtext, heard loud and clear in states debating A.I. legislation, like California, Illinois and Texas: Meta’s political team was watching, and to be feared.

But this summer, with no announcement, Meta received $25 million of that cash back from political groups it had funded, according to filings made public this week. That made the company’s campaign budget about 40 percent smaller than at the outset."

Wednesday, August 28, 2024

Controversial California AI regulation bill finds unlikely ally in Elon Musk; The Mercury News, August 28, 2024

  , The Mercury News; Controversial California AI regulation bill finds unlikely ally in Elon Musk

"With a make-or-break deadline just days away, a polarizing bill to regulate the fast-growing artificial intelligence industry from progressive state Sen. Scott Wiener has gained support from an unlikely source.

Elon Musk, the Donald Trump-supporting, often regulation-averse Tesla CEO and X owner, this week said he thinks “California should probably pass” the proposal, which would regulatethe development and deployment of advanced AI models, specifically large-scale AI products costing at least $100 million to build.

The surprising endorsement from a man who also owns an AI company comes as other political heavyweights typically much more aligned with Wiener’s views, including San Francisco Mayor London Breed and Rep. Nancy Pelosi, join major tech companies in urging Sacramento to put on the brakes."